3NIS
WisdomTree Nickel 3x Daily Short
WisdomTree Nickel 3x Daily Short is designed to enable investors to gain a three times 'short' exposure to a total return investment in nickel futures contracts by tracking the Bloomberg Nickel Subindex (the "Index") and providing a collateral yield. A daily short exposure means that the product is designed to reflect minus three times the daily percentage change in the Index level. For example, if the Index was to rise in value by 5% on a particular day, the product is designed to decrease in value by 15% on that day (minus fees and expenses). WisdomTree Nickel 3x Daily Short is an exchange traded commodity ("ETC"). It is not a UCITS product. Securities in this ETC are structured as debt securities and not as shares (equity) and can be created and redeemed on demand by authorised participants and are traded on exchange just like shares in a company. The ETC is backed by swaps. The payment obligations of the swap counterparties to the Issuer are protected by collateral held which is marked to market daily. The collateral is held in segregated accounts at The Bank of New York Mellon. Details of the collateral held can be found in the Collateral section of the WisdomTree website (www.wisdomtree.com).
Overview
Fund Overview | |
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Base Currency | USD |
Currency hedged | No – this product is not protected against adverse currency movements |
ISIN | JE00BYQY5Q48 |
Leverage Factor | 3x |
Physical delivery | No |
Underlying Exposure | Nickel |
Structure | |
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Domicile | Jersey |
Replication method | Synthetic - fully funded collateralised swap |
Legal form | Debt security |
Legal structure | ETC |
Further Legal and Tax Information | |
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ISA | Eligible |
SIPP | Eligible |
CTF (UK) | No |
SMSF eligible | No – this product is not protected again |
Securities regulator | Financial Conduct Authority (FCA UK) |
Key Service Providers | |
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Trustee | The Law Debenture Trust Corporation p.l.c. |
Issuer | WisdomTree Commodity Securities Limited |
Registrar | Computershare Investor Services (Jersey) Ltd |
Collateral manager | The Bank of New York Mellon |
Counterparty | Citigroup Global Markets Limited, Merrill Lynch International |
Fees | |
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MER | 0.98% |
Daily Swap Rate | 0.005205% |
Entry / Exit fees | None when traded on Exchange |
Listings & Codes
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Index
Bloomberg Nickel Subindex Total Return
The Index is designed to reflect the movement in the price of the nickel futures contracts used in the Bloomberg Commodity IndexSM that are continuously rolled on a pre-determined rolling schedule. Each trading day the ETC will reflect 3 times the movement of the Index relative to the previous day's close (excluding fees and expenses) in the inverse (opposite) direction. Therefore any losses will be magnified in comparison to an increase in the value of the Index. Short ETCs are only intended for investors who understand the risks involved in investing in an ETC with short exposure and who intend to invest on a short-term basis. Any investment in a short ETC should be monitored on a daily basis to ensure consistency with your investment strategy. Please refer to the section entitled "Risk Factors" in the relevant prospectus for further details of these and other risks associated with an investment in short ETCs. You should consult an independent investment adviser prior to making an investment in a short ETC in order to determine its suitability to your circumstances
Index Details | |
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Index Name | Bloomberg Nickel Subindex Total Return |
Index Provider | Bloomberg |
Index Constituent Count | 1 |
Currency | USD |
Bloomberg Ticker | BCOMNITR |
Reuters Index Ticker | .BCOMNITR |
Index Website |
Collateral Details
Documents and Links |
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Documents
Regulatory
- ETFS Commodity Securities Ltd - Annual Account 2009
- ETFS Commodity Securities Ltd - Annual Account 2010
- ETFS Commodity Securities Ltd - Annual Account 2011
- ETFS Commodity Securities Ltd - Annual Account 2012
- ETFS Commodity Securities Ltd - Annual Account 2013
- ETFS Commodity Securities Ltd - Annual Account 2014
- ETFS Commodity Securities Ltd - Annual Account 2015
- ETFS Commodity Securities Ltd - Annual Account 2016
- ETFS Commodity Securities Ltd - Annual Account 2017
- ETFS Commodity Securities Ltd - Annual Account 2018
- WisdomTree Commodity Securities Limited - Annual Account 2019
- WisdomTree Commodity Securities Limited - Annual Account 2020
- ETFS Commodity Securities Ltd - Interim Account 2008
- ETFS Commodity Securities Ltd - Interim Account 2009
- ETFS Commodity Securities Ltd - Interim Account 2010
- ETFS Commodity Securities Ltd - Interim Account 2011
- ETFS Commodity Securities Ltd - Interim Account 2012
- ETFS Commodity Securities Ltd - Interim Account 2013
- ETFS Commodity Securities Ltd - Interim Account 2014
- ETFS Commodity Securities Ltd - Interim Account 2015
- ETFS Commodity Securities Ltd - Interim Account 2016
- ETFS Commodity Securities Ltd - Interim Account 2017
- ETFS Commodity Securities Ltd - Interim Account 2018
- ETFS Commodity Securities Ltd - Interim Account 2019
- WisdomTree Commodity Securities Ltd - Interim Account 2020
- UK Reporting Fund Approval Letter - ETFS Commodity Securities Ltd
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2009
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2010
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2011
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2012
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2013
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2014
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2015
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2016
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2017
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2018
- UK Reporting Fund Shareholder Letter - WisdomTree Commodity Securities Ltd 2019
- UK Reporting Fund Shareholder Letter - WisdomTree Commodity Securities Ltd 2020
- EPT - UK
Historical Data
Securities issued by the Issuer are direct, limited recourse obligations of the relevant Issuer alone and are not obligations of or guaranteed by Citigroup Global Markets Limited (“CGML”), Citigroup Global Markets Holdings Inc. (“CGMH”), Merrill Lynch International ("MLI"), Bank of America Corporation ("BAC") or any of their affiliates. Each of CGML, CGMH, MLI and BAC disclaim all and any liability whether arising in tort, contract or otherwise which they might have in respect of this document or its contents otherwise arising in connection herewith.
Bloomberg® and the Bloomberg Commodity IndexesSM are service marks of Bloomberg Finance L.P. and its affiliates (collectively, “Bloomberg”) and have been licensed for use by the Issuer. Although the securities issued by the Issuer are based on the Bloomberg Commodity IndexesSM, neither Bloomberg nor UBS Securities LLC and its affiliates (collectively “UBS”) are affiliated with the Issuer and Bloomberg and UBS do not approve, endorse, review, or recommend such securities. Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to the Bloomberg Commodity IndexesSM and make no representation regarding the advisability of investing in such product(s).